U.S. market
The OOH advertising market in the U.S. has been showing healthy growth. OOH ad spending in the U.S. surpassed 8.5 billion U.S. dollars in 2019. Despite the 2.8 percent decline in2020 caused by the coronavirus outbreak, the U.S. out-of-home advertising market will see positive growth of more than 17 percent in 2021. Billboards have the highest reach amongst OOH advertising types in the U.S. – about 80 percent of American consumers stated noticing a billboard ad in 2019. That year, there was a total 342,603 billboards in the country and this number grew to more than 343,000 in 2020. Printed signs in various venues had the second highest reach in the country. Billboards or other out-of-home ads often instigate responses from customers such as looking up information about the advertiser on their smartphones, or talking about the ad or product with others. Amazon is the leading outdoor advertiser in the U.S., followed by McDonald’s, Apple and Geico.
U.S. DOOH market
Digital out-of-home advertising platforms are forecast to gain space in the U.S. market. By 2023, about some 3.8 billion U.S. dollars will be spent on DOOH in the United States, up from 2.7 billion invested in 2020. Whenever digital media are concerned programmatic trading comes into place and DOOH is no exception to that rule. It is, however, making baby steps in the area. Programmatic DOOH spending in the U.S. is projected to grow from 180 million in 2020 to 530 million by the end of 2022. All in all, it is worth noting that digital outdoor ads are an effective medium. In fact,more than 50 percent of consumers in the U.S. say they pay attention to DOOH advertising in the form of billboards, street-level ads and place-based formats.
